Shares of Plug Power Inc.
were gaining about 3% in Wednesday morning trading after the alternative-energy company announced that it was chosen to supply two 5-megawatt proton exchange membrane electrolyzers for projects in Australia. The company’s electrolyzers, which use electricity to split water into hydrogen and oxygen, will go toward green-hydrogen projects in Tasmania, Australia. “The plants are strategically located to leverage existing infrastructure,” Plug Power Chief Executive Andy Marsh said in a release.
were gaining about 3% in Wednesday morning trading after the alternative-energy company announced that it was chosen to supply two 5-megawatt proton exchange membrane electrolyzers for projects in Australia. The company’s electrolyzers, which use electricity to split water into hydrogen and oxygen, will go toward green-hydrogen projects in Tasmania, Australia. “The plants are strategically located to leverage existing infrastructure,” Plug Power Chief Executive Andy Marsh said in a release.